Sushi to Launch Decentralized Derivatives Platform on Layer N
Decentralized finance firm Sushi plans to introduce Susa, a decentralized derivatives platform, on Layer N. This Ethereum Layer 2 solution aims to replicate some centralized aspects for decentralized platforms. Susa builders will have the ability to create various applications on top of the exchange, including smart contract applications and full-fledged rollups. The platform will utilize Layer N’s Nord Engine, enabling thousands of transactions in less than one millisecond and aiming to compete with centralized exchanges in terms of performance.
Partnership with Layer N
Sushi is excited to collaborate with Layer N, combining their expertise to develop superior products. Layer N’s modular approach to rollups provides greater capital efficiency and deeper liquidity while leveraging Ethereum’s security. This aligns perfectly with the modular network strategy gaining traction in the DeFi space, making Layer N an ideal technology stack to build on.
About Layer N
Layer N is an “Ethereum StateNet,” a network of rollup nodes that share a communication and liquidity layer. The mainnet of Layer N is expected to launch this month after successfully handling 20,000 transactions per second during testing. In September 2023, Layer N raised $5 million in seed funding co-led by Founder’s Fund.
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